Thesiss

I develop and estimate a forward-looking structural model of firm entry, exit, and output supply decisions. The model is novel because it incorporates estimates of entry costs and scrap values. It is based on the discrete decision of a firm to participate in a market and the con…

My dissertation studies the implications of agency frictions for asset prices and firm dynamics. The first chapter embed an optimal contracting framework into an otherwise standard asset pricing paradigm to resolve some of the challenges in investment and asset pricing literatur…